A delegation from the Egyptian Industrial Carrier (ECS) visited the Benha Funding Zone in Qalyubeya as a part of a chain of box visits directed by means of Minister of Funding and International Business Mohamed Farid to evaluate the manufacturing and export features of Egyptian corporations and enhance their get entry to to world markets.
The initiative goals to spot corporations’ manufacturing and export doable, align their merchandise with international marketplace necessities, maximise some great benefits of the ECS’s in another country business place of job community in selling Egyptian merchandise, open new export markets and draw in overseas funding.
Farid mentioned the ministry is imposing an motion plan to enhance direct engagement with the industry group thru an expanded box presence throughout funding zones.
He defined that the initiative will permit the ministry to evaluate corporations’ manufacturing features, determine the demanding situations they face and expand sensible answers to fortify their growth into world markets whilst expanding their contribution to Egypt’s export expansion.
“We are integrating the capabilities of the Egyptian Commercial Service with companies operating in investment zones to strengthen their export capacity, promote Egyptian brands in global markets and support the state’s objective of doubling exports,” Farid mentioned.
He added that the ECS is without doubt one of the ministry’s main govt hands for supporting exports and attracting funding by means of linking Egyptian corporations with world marketplace call for, selling export and funding alternatives, and organising direct communique channels with importers and doable industry companions.
In step with the minister, those efforts support the competitiveness of Egyptian merchandise, extend their presence in international markets and give a contribution to reaching the state’s export expansion objectives.
All through the seek advice from, the ECS delegation held conferences with corporations working within the funding zone within the meals industries, agricultural processing, packaging and post-harvest processing sectors.
The discussions centered at the corporations’ growth plans, manufacturing and export capacities, the primary demanding situations they face in in another country markets and the export alternatives to be had for his or her merchandise throughout a lot of goal markets.
The delegation additionally defined the services and products equipped by means of the ECS thru its community of business workplaces in a foreign country, together with marketplace analysis and intelligence, the promotion of export and funding alternatives, connecting Egyptian corporations with importers and potential companions, and supporting participation in world industry gala’s and industry missions.
Those services and products, the delegation mentioned, are designed to lend a hand corporations get entry to new markets and build up Egyptian exports.
Abdel Aziz El Sherif, Head of the Egyptian Industrial Carrier, mentioned the authority is imposing a complete plan to extend box visits to corporations throughout governorates and funding zones in step with the minister’s directives.
The plan goals to spot corporations’ export wishes, open new markets for Egyptian merchandise, draw in high-value investments and construct world partnerships that support the competitiveness of the Egyptian financial system.
The Benha Funding Zone is one in every of Egypt’s specialized funding zones, working underneath the supervision of the Common Authority for Funding and Unfastened Zones (GAFI), which is affiliated with the Ministry of Funding and International Business.
Inaugurated by means of President Abdel Fattah Al-Sisi in 2022, the zone spans roughly 46 feddans and incorporates 147 business gadgets, 16 stores, 18 warehouses and 6 chilly garage amenities.
Specialising in meals and agricultural industries and their complementary actions, the funding zone is designed to enhance price chains, extend agro-industrial production, create hundreds of jobs and supply buyers with built-in one-stop services and products that streamline funding procedures and beef up the industry surroundings.
